Housebuilder Weston Crew narrowed losses ultimate 12 months, its newest record and accounts have mentioned.
The company made a pre-tax lack of £4.5m for the 12 months to 31 July, an development at the £19m loss reported for the former 12 months.
The Essex-based team larger its turnover 30% from £160m to £208m which used to be boosted by way of a £52m build up in its source of revenue from development contracts, offsetting a £14m drop in earnings from residential assets.
Weston Houses finished 595 houses within the 12 months, up from 537 ultimate 12 months.
Previous this 12 months, the gang introduced it used to be putting in place a brand new partnership department to allow it to transport into build-to-rent and different dwelling sectors. “This has allowed Weston Houses to diversify and cut back our publicity to the non-public gross sales marketplace,” it mentioned within the accounts.
